Shares of Mphasis Ltd. are in focus on Friday, October 31, after the company reported steady second quarter earnings on Thursday night.

Its revenue in US Dollar terms increased by 1.7%, while revenue in constant currency terms was up 2% sequentially.

The company's earnings before interest tax (EBIT) margin remained unchanged from the previous quarter at 15.3%.

Mphasis said it expects industry growth to be more than 2x, on the back of its performance in the first half of this fiscal and also the steady conversion of strong total contract value (TCV) wins to revenue. It has targeted operating EBIT margin to be between the 14.75% - 15.75% band.

Deal wins for the quarter stood at $528 million, taking the total contract value in the first half of FY26 to $1.28 billion, which is more than

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